BloomFisher
Short

Don't Buy anything - It's not the dip

SPCFD:SPX   S&P 500 Index
Good morning everyone,

It's 30 Minutes after London opens and we are seeing red flags everywhere,

Two major event took place recently

On Friday Fed cuts the interest rates by point 50 basis that inverted yield curve to negative.

and russian announced to lower down the oil prices leading a price war with saudi producers.

Now, In our previous analysis we've mentioned about the key factors that will cause the next recession

Global economies were already hot and coronavirus is the hammer that hit everything hard.
inflated stock prices and increased debt ratios against the actual valuation of the economy,
we'll explain you in details on how it creates a bubble in upcoming analysis,
sac
Right now the conclusion is that we have entered into bear market and officially heading for a recession

Hence, we recommend to save more cash and do not dare to buy any stock assuming it as a dip it's not a correction
but a start of an economic meltdown.
Trade active: UPDATE FEDERAL INTEREST RATES at 0%
(Fear of this recession might not turn into a depression)
Trade active: Market opens with a negative -7%
Trade closed: target reached: Target reached Perfectly.

Slight upward consolidation can be expected while president trump will host a meeting with the Feds,

Comments

it is hard to find proper entrys for shorting because under that priceaction it is hard to find a stopploss level.
Reply
BloomFisher ernstschwarz
@ernstschwarz, Go for options in a volatile market.
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